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Venture Capital News: Kafene Closes $12.6M Series B Extension

2023-10-02
NEW YORK, NY, Kafene, a point-of-sale financing platform announced it extended its Series B round to include an additional $12.6 million in new equity capital led by Third Prime.
Kafene, a point-of-sale financing platform that helps offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements, announced it extended its Series B round to include an additional $12.6 million in new equity capital. This brings Kafene's Series B total to nearly $31 million. Kafene had previously announced its initial $18 million Series B fundraise in September 2022. Third Prime led the initial fundraise as well as the extension alongside existing investors.
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